All Forum Posts by: Chad Nagel
Chad Nagel has started 4 posts and replied 202 times.
Post: Tenant Lease Ended, Did not Vacate. What to do?
- Rental Property Investor
- Fond Du Lac, WI
- Posts 215
- Votes 136
Was current owner trying to "break " tenants current lease or was the tenant out of lease and on a M2M? If so WI only requires a 28 notice to vacate. If tenant does not vacate in 28 days, normal eviction procedure to follow. You can not have sheriff forcefully remove with out an eviction, Unless they are squatters.
If tenants are still under lease, you will need to buy them out or honor lease. Education is key in this biz. Its great that you have a timeline, but you have bigger problems ahead before the rehab.
Post: 19 Year Old Interested in Rental Properties with 20K - Wisconsin
- Rental Property Investor
- Fond Du Lac, WI
- Posts 215
- Votes 136
Hey man, reach out to me. I started buying rentals at age 20. Currently age 36 with 44 units in FDL. WI. I am familiar with all your areas. Born and raised in just north of west bend. You are overthinking this game and your purchase numbers are way too high.
Post: Analyzing a Duplex in Wisconsin
- Rental Property Investor
- Fond Du Lac, WI
- Posts 215
- Votes 136
Originally posted by @Jason Goslinga:
@Chad Nagel if you give me the name of your insurer that would be great. I thought 1500 a year seemed a little steep but this is my first rental and I know duplex have higher insurance rates than houses. If I could cut insurance rates in half I would feel more comfro
@Jason Bott Can you help this guy ?
Post: Analyzing a Duplex in Wisconsin
- Rental Property Investor
- Fond Du Lac, WI
- Posts 215
- Votes 136
Are you doing an ACV or replacement value on the insurance? $1500/ year for ins in WI is crazy. If you need a guy, I have a decent one. He understands rentals and is on BP as well. I have ACV 110k, 5k deductible, @ $427/ year. Granted those rates may have gone up a lil, but not to $1500. You need to decide what your plan is, if you have a major loss. Do you wanna rebuild or just pay off note and walk away.....
Post: General Contractors in Highlands County Needed
- Rental Property Investor
- Fond Du Lac, WI
- Posts 215
- Votes 136
I have flipped in highlands county. Actually in Lake placid. Be Careful on the quality of work, I have seen many different levels of "acceptable" work in the area.
Post: Cardone Capital...anyone looked into this?
- Rental Property Investor
- Fond Du Lac, WI
- Posts 215
- Votes 136
following....
Post: What's the best way to turn 100K into the highest cash flow?
- Rental Property Investor
- Fond Du Lac, WI
- Posts 215
- Votes 136
PM sent.
Post: Negligent Property Manager
- Rental Property Investor
- Fond Du Lac, WI
- Posts 215
- Votes 136
do not sign paperwork till you have everything you need. Don't forget to think ahead and have all tax documents ready as well. Once you have that then you're able to sign. I also signed a sheet in regards to no negative reviews or future lawsuits.
Post: Negligent Property Manager
- Rental Property Investor
- Fond Du Lac, WI
- Posts 215
- Votes 136
I had a horrible PM recently as well. I chose to negotiate the losses out and run as fast as I could. In a lawsuit situation the only people to make any money are the attorneys.
Post: New investor in Fond du Lac, WI
- Rental Property Investor
- Fond Du Lac, WI
- Posts 215
- Votes 136
Welcome to FDL. Watch your numbers and areas. We are approaching a very top heavy market. Lmk if you need any help analysing deals in the area. I've done a few in that market.